1MDB may scrap energy IPO, opt for direct sale instead

Sources said that as part of the divestment plan, 1MDB may have the choice at a later date to participate in the IPO, if and when it eventually takes place under the new owners.

PHOTO: REUTERS

Singapore

TROUBLED 1Malaysia Development Bhd may call off the much bandied about and long-delayed initial public offering (IPO) of its energy assets and, instead, divest the entire portfolio of 16 power and desalination plants to tackle its